Peoples Bancorp of North Carolina (NASDAQ:PEBK) Stock Rating Lowered by StockNews.com

Peoples Bancorp of North Carolina (NASDAQ:PEBK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Peoples Bancorp of North Carolina Trading Up 0.1 %

Shares of Peoples Bancorp of North Carolina stock opened at $26.88 on Tuesday. The company’s 50-day moving average price is $29.74 and its 200-day moving average price is $28.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Peoples Bancorp of North Carolina has a 12-month low of $23.74 and a 12-month high of $33.31. The company has a market cap of $146.71 million, a price-to-earnings ratio of 9.02 and a beta of 0.60.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last posted its earnings results on Wednesday, February 12th. The bank reported $0.65 earnings per share for the quarter. Peoples Bancorp of North Carolina had a net margin of 15.08% and a return on equity of 12.85%.

Institutional Trading of Peoples Bancorp of North Carolina

Several institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of Peoples Bancorp of North Carolina by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank’s stock worth $81,000 after purchasing an additional 564 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Peoples Bancorp of North Carolina by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 4,366 shares of the bank’s stock valued at $111,000 after purchasing an additional 576 shares during the last quarter. American Century Companies Inc. grew its stake in Peoples Bancorp of North Carolina by 3.1% in the 4th quarter. American Century Companies Inc. now owns 23,380 shares of the bank’s stock worth $731,000 after buying an additional 695 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Peoples Bancorp of North Carolina by 35.5% in the 4th quarter. Bank of America Corp DE now owns 4,649 shares of the bank’s stock worth $145,000 after buying an additional 1,219 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Peoples Bancorp of North Carolina by 3.2% during the 4th quarter. Northern Trust Corp now owns 39,911 shares of the bank’s stock worth $1,247,000 after acquiring an additional 1,233 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.